53.95 +0.01 (0.03%)
After hours: 4:11PM EDT
|Bid||53.94 x 800|
|Ask||53.95 x 4000|
|Day's Range||52.85 - 54.50|
|52 Week Range||33.83 - 88.62|
|Beta (3Y Monthly)||1.72|
|PE Ratio (TTM)||19.73|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||2.00 (4.16%)|
|1y Target Est||58.52|
Western Digital (WDC) to be battered by uncertain macroeconomic environment, declining trend in PC shipments and softness in NAND flash pricing trends.
Western Digital Corp. (WDC) today announced the appointment of Robert Eulau to lead the company’s finance organization as executive vice president and chief financial officer (CFO), reporting to Steve Milligan, Western Digital’s chief executive officer (CEO). Eulau will join Western Digital on April 22, 2019 to begin his transition into the new role and will formally take over the CFO role from Mark Long on May 9, 2019. Eulau, who joins Western Digital with more than 30 years’ experience in financial and operational leadership roles in the technology industry, succeeds Long, who, as previously announced, will be leaving the company in June 2019.
Western Digital (WDC) was the Fund's worst performing holding in the last fiscal year (it detracted 2.93% from performance), but rallied 31% in 1Q 2019. The Fund's Western Digital investment contributed 1.44% of the Fund's Q1'2019 returns. As the stock price went lower in 2018, we increased the Fund's share count by 33% into the weakness.
March 31, 2019 marked the end of the FPA Capital Fund (Trades, Portfolio), Inc.'s ("Fund") fiscal year 2018. The spread widened from about -0.5 at the height of great financial crisis to about -2.2 today.1 The lower the spread, the cheaper value companies are relative to growth companies. Long-time investors will have noted that the Fund's cash level has been slowly coming down since it hit a 10-year high in the fourth quarter of 2016 (37.2%).
HENDERSON, NV / ACCESSWIRE / April 17, 2019 / Blockchain was the tech buzzword investors favored, but according to a new survey reported by Cointelegraph of 1,050 IT, security, and engineering decision makers at $1 billion firms, most of them are now investing in either AI, augmented reality, blockchain, or Internet-of-Things as part of their "digital transformation strategy." Ninety percent said they were investing in at least one of the above technologies as part of their "digital transformation strategy." Of that 90 %, 61 % of respondents claimed their firm invests in blockchain. The company has followed that up this past week announcing it successfully completed testing on their Alpha version of its global mesh network technology platform GopherInsight™, which is the company's IoT component.
Another day of lethargy and uncertainty, with the S&P 500 essentially breaking even on Tuesday. Volume wasn't wild, but it was above the recent average, suggesting some traders are sneaking out of trades while things are quiet.Source: Allan Ajifo via Wikimedia (Modified)There were still major movers though. Netflix (NASDAQ:NFLX) was one of them, up a little more than 3% headed into its earnings report. Last quarter's results were good, but its outlook was lackluster. However, NFLX stock held onto most of its regular-hours gains during the after-hours session.At the other end of the spectrum, Tenet Healthcare (NYSE:THC) led a herd of healthcare plan stocks lower, giving up more than 11% of its value on a combination of profit-taking and worries about the future of healthcare with either party in the White House.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm Neither are compelling prospects headed into today's session though. Rather, it's the stock charts of Western Digital (NASDAQ:WDC), UnitedHealth Group (NYSE:UNH) and Bank of America (NYSE:BAC) that merit the closest looks. Here's what to look for. Bank of America (BAC)Bank of America is a name we've taken several looks at in recent weeks, as it continues to chip away at a technical ceiling. As of our last look on the last day of February, it hadn't happened yet, but BAC was once again close to clearing resistance at $29.75.That's happened in the meantime, but BofA isn't over its final hump just yet. The shape of Tuesday's bar, however, is subtly bullish in that it implies the bears can't keep BAC stock down, and the bulls are willing to buy en masse on big dips. Click to Enlarge * Notice on the daily chart how yesterday's open fairly deep in the red was almost entirely wiped away by the day's end. * Also notice on the daily chart that the bulls poured in on Friday and Tuesday. While no major progress was made, the market tipped its hand. * The key, of course, is still clearing the new technical ceiling at $30.17, where BAC stock has peaked twice since mid-March. UnitedHealth Group (UNH)UnitedHealth Group might ring a bell. We've warned several times that the stock was rocking its way into trouble, and the resistance found at key moving average lines late last month only exacerbated the risks.The worst-case scenario has been realized in the meantime. That is, the last bastion of technical support has been obliterated … and in the worst way possible. The shape of Tuesday's bar opens the door to the possibility of a rebound, but if that effort crumbles, there's little left that will be able to prop UNH stock up. * 10 Dividend Growth Stocks You Can't Miss Click to Enlarge * On Friday, UnitedHealth shares fell under what would have ideally been a floor that tagged the December and March lows. It looked like the bulls would draw a line in the sand there, but they clearly didn't. * Yesterday was a bearish day, albeit not the worst kind. The worst kind would have happened after a prolonged rally. * The volume spike that accompanied yesterday's setback often indicates a capitulation, where the last of the sellers are flushed out and the first of the bargain hunters flood in. It could take a few days to determine if that's the way things are going to pan out though. Getting back above that technical floor will be the key. Western Digital (WDC)In late February, we pointed out Western Digital shares were acting like they were in recovery mode. Although the effort may have only been to close a gap, that action had the potential to put a bigger recovery move into place.That's exactly how things have taken shape in the meantime. While the bulls and the bears have continued to grapple even after closing the gap, yesterday's big gain may have dealt a decisive blow to the bearish pressure. It also pushed WDC stock above a key technical hurdle. Click to Enlarge * Although the gap has been closed, the rally didn't follow through straight-away. But, the slide back to the 50-day moving average line (highlighted) and push up and off of it may actually lay the better foundation. * The big win on Tuesday was the break above the white 200-day moving average line at $53.16. This is the first time Western Digital has been above it since the middle of 2018. * Zooming out to the weekly chart, it's easy to see WDC stock is no stranger to major moves once the 200-day moving average line is crossed.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America appeared first on InvestorPlace.
WDC, MU, AMD among Top Gainers of the S&P 500 IndexWestern Digital stock soars on analyst ratingsThe April 16 trading session started with memory chip stocks among the top gainers of the S&P 500 Index (SPY). At the start of the trading
Are These Tech Stocks Overvalued after Nearing 52-Week Highs?(Continued from Prior Part)Stock returns The stock of semiconductor (SMH) company Analog Devices (ADI) has generated returns of 21% in the last 12 months. The stock, like the broader
climbed nearly 5% to $54.42 Tuesday after Deutsche Bank upgraded the data storage device maker to buy from hold. Analyst Sidney Ho also raised his price target to $60 from $45 a share. "While we acknowledge there is downside risk to near-term EPS due to weaker-than-expected NAND pricing - and hence we lower our near-term EPS estimates -supply cuts across the NAND industry, along with a re-acceleration of nearline HDD demand, will likely lead to a strong-er recovery off a lower base in 1H CY19," Ho said.
Check out the companies making headlines midday Thursday:Johnson & Johnson JNJ — Johnson & Johnson rose 1.1% after the company reported quarterly results that beat analyst estimates. The company posted earnings of $2.
In stock market news Tuesday, Netflix dominated the headlines ahead of its earnings report after the close. Chip stocks led the Nasdaq higher.
Western Digital will benefit from better cloud computing demand later this year, according to Deutsche Bank.
Shares of Western Digital Corp. are rising in premarket trading Tuesday following another analyst upgrade. Deutsche Bank's Sidney Ho raised his rating on the stock to buy from hold on Tuesday, a day after Longbow Research also bumped his rating up to buy from neutral. "We are starting to observe favorable data points in both HDD and NAND that will support a solid 2H CY19 recovery for WDC's earnings," wrote Deutsche Bank's Ho. "On the upcoming earnings call, we expect WDC management to highlight the improved visibility, which should be a positive catalyst for the stock." He raised his price target to $60 from $45 in conjunction with the upgrade. WDC shares are up 2.2% in premarket trading. They've climbed 37% over the past three months, as the S&P 500 has risen 11%.
Deutsche Bank upgraded Netflix to buy from hold Deutsche Bank upgraded Western Digital to buy from hold Bank of America downgraded Snap-on to neutral from buy RBC downgraded British Petroleum to outperform from top pick Goldman Sachs downgraded Cisco Systems to buy from conviction buy RBC initiated Dow Inc.
Even as the NAND cycle recovery remains a point of debate among analysts, Longbow Research said Monday that a cyclical recovery may be imminent. The Analyst Analyst Nikolay Todorov upgraded Western Digital ...
Shares of Western Digital Corp. are up 1.7% in premarket trading Monday after Longbow Research analyst Nikolay Todorov upgraded the stock to buy from neutral. "There is a line of sight to cyclical recovery" as NAND fundamentals are bottoming, Todorov said. He expects further rationalization of NAND capital expenditures and production within the industry amid pressure on profits. He also projects that Western Digital will see a recovery in both gross margins and hard-drive revenue during the second half of the year. Consensus figures don't appropriately take this into account, according to Todorov. Western Digital shares have gained 38% over the past three months, as the S&P 500 has risen 11%.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included entertainment and technology titans. And bearish calls included struggling aerospace and industrial ...
Western Digital Corporation (NASDAQ:WDC) shareholders should be happy to see the share price up 29% in the last quarter. But if you look at the last five years the returns have not been good. You would have done a lot bett...
New Surveillance microSD Card Has High Capacity, and Longevity for Longer Continuous High Bit Rate Recording, Plus Card Health Monitoring Capability and Wide Temperature Resilience
Western Digital Corp NASDAQ/NGS:WDCView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining Bearish sentimentShort interest | PositiveShort interest is moderate for WDC with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 1. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding WDC is favorable, with net inflows of $24.16 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.